Daily News | Tesla Announced Bitcoin Holdings, ETFs Received Large Net Inflows, Helping BTC Break Through $94K
Crypto Daily Digest: Bitcoin spot ETF net inflow exceeded 700 million, Tesla announced details of crypto holdings
According to Farside Investors data, the US Bitcoin spot ETF had a total net inflow of $719 million yesterday, of which FBTC had a net inflow of $253 million and ARKB had a net inflow of $267 million.
As of press time, the Ethereum spot ETF received an inflow of $38 million yesterday, of which FETH received a net inflow of $32.7 million and ETHW received a net inflow of $6.1 million.
Tesla revealed details of crypto holdings
On April 23, Tesla reported that its digital asset holdings were worth $951 million as of March 31, down from $1.076 billion on December 30. The change was due to the decline in Bitcoin prices between the two quarters. Tesla currently holds 11,509 Bitcoins on its balance sheet.
US listed company DeFi Development Corporation increased holdings of SOL worth $11.5 million
Janover, a US-listed company, has changed its name to DeFi Development Corporation and increased its holdings of Solana (SOL) by 88,164, worth about $11.5 million. After this purchase, the company’s total Solana holdings increased to 251,842, worth about $34.4 million (including staking rewards).
Opinion: Bitcoin broke through $90,000 and depegged from the stock market
According to K33 Research, Bitcoin depegged from stocks and soared to $90,000 on strong institutional demand, while macro uncertainty and the upcoming BTC strategic reserve strengthened the bullish case for BTC.
Dutch bank ING plans to develop a new stablecoin
According to CoinDesk, ING is developing a stablecoin product and plans to start its business with the help of the new regulations of the EU Crypto Asset Market Regulation Act (MiCA). People familiar with the matter revealed that the stablecoin project may be carried out in the form of a consortium and will cooperate with other banks and crypto service providers.
Market Trends: Bitcoin broke through $94,000, Ethereum rose more than 14%
Market Hotspots
On April 23, the crypto market saw a general rise. According to Coinglass data, in the past 12 hours, the entire network had a liquidation of $479 million, of which short positions had a liquidation of $432 million and long positions had a liquidation of $46.2799 million.
Coingecko data shows that the total market cap of cryptocurrencies has rebounded to over $3 trillion, up 4.5% in 24 hours.
Mainstream Coins
The crypto market surged, with Bitcoin breaking through $94,000, up 5.5% in 24 hours, and successfully breaking through the first pressure level of $88,000. The price is currently consolidating near the high point of the rebound in early March, and the current pressure range is around $94,000-$95,000.
Ethereum‘s 24-hour increase surpassed Bitcoin, reaching as high as 14%, and is currently priced at $1,794; the price broke through $1,800 and reached a high of $1,805.
Altcoins generally rose, with most sectors 24 rising by more than 5%; the Meme sector rose by 15%, of which DOGE tokens rose by 13% and PENGU tokens rose by 35%; the DeFi sector was driven by the rise of Ethereum, with a 10% increase.
Macro news: US stocks rebounded strongly, gold fell more than 3% from its high
Global tensions have eased, the dollar rebounded to a new daily high, and U.S. stocks rebounded on Tuesday, with all three major indexes rising by more than 2.5%. The Dow Jones Industrial Average soared, rising by more than 1,000 points, and the S&P 500 and Nasdaq Composite Index hit their highest levels of the day. The rebound of large technology stocks today almost wiped out yesterday’s losses.
Gold fell sharply after breaking through $3,500 per ounce, falling more than 3% from its high. The Swiss franc fell more than 1%, while Bitcoin and crude oil rose under risk sentiment, with Bitcoin rising nearly 5%.
